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Plan Name | THE GIBBS & COX, INC. PENSION PLAN |
Plan identification number | 006 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | LEIDOS, INC. |
Employer identification number (EIN): | 953630868 |
Additional information about LEIDOS, INC.
Jurisdiction of Incorporation: | Texas Secretary of State |
Incorporation Date: | 1984-05-11 |
Company Identification Number: | 0006214606 |
Legal Registered Office Address: |
1750 PRESIDENTS ST ATTN TAX DEPT RESTON United States of America (USA) 20190 |
More information about LEIDOS, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
006 | 2022-01-01 | KAREN KANJIAN | 2023-10-16 | KAREN KANJIAN | 2023-10-16 |
Measure | Date | Value |
---|---|---|
2022: THE GIBBS & COX, INC. PENSION PLAN 2022 401k membership | ||
Market value of plan assets | 2022-12-31 | 35,757,119 |
Acturial value of plan assets | 2022-12-31 | 35,757,119 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 24,436,079 |
Number of terminated vested participants | 2022-12-31 | 118 |
Fundng target for terminated vested participants | 2022-12-31 | 3,862,059 |
Active participant vested funding target | 2022-12-31 | 4,989,410 |
Number of active participants | 2022-12-31 | 46 |
Total funding liabilities for active participants | 2022-12-31 | 4,989,410 |
Total participant count | 2022-12-31 | 346 |
Total funding target for all participants | 2022-12-31 | 33,287,548 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 2,029,992 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 279,634 |
Amount remaining of prefunding balance | 2022-12-31 | 1,750,358 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 1,887,936 |
Total employer contributions | 2022-12-31 | 1,950,000 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 1,786,805 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 0 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 1,786,805 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 346 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 40 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 166 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 89 |
Total of all active and inactive participants | 2022-01-01 | 295 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 31 |
Total participants | 2022-01-01 | 326 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
Measure | Date | Value |
---|---|---|
2022 : THE GIBBS & COX, INC. PENSION PLAN 2022 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $-7,058,003 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $-7,058,003 |
Total income from all sources (including contributions) | 2022-12-31 | $-4,786,903 |
Total of all expenses incurred | 2022-12-31 | $2,943,205 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,754,098 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,950,000 |
Value of total assets at end of year | 2022-12-31 | $28,027,010 |
Value of total assets at beginning of year | 2022-12-31 | $35,757,118 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $189,107 |
Total interest from all sources | 2022-12-31 | $158,661 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $162,439 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $360 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $46,829 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-7,730,108 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $28,027,010 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $35,757,118 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $23,276,113 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $6,637,250 |
Income. Interest from US Government securities | 2022-12-31 | $158,661 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $250,000 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $1,640,981 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $1,640,981 |
Asset value of US Government securities at end of year | 2022-12-31 | $2,550,537 |
Asset value of US Government securities at beginning of year | 2022-12-31 | $4,318,286 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $1,950,000 |
Employer contributions (assets) at end of year | 2022-12-31 | $1,950,000 |
Income. Dividends from common stock | 2022-12-31 | $162,439 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,754,098 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2022-12-31 | $2,183,272 |
Contract administrator fees | 2022-12-31 | $189,107 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | No |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-12-31 | $20,930,500 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | MAYER HOFFMAN MCCANN CPAS |
Accountancy firm EIN | 2022-12-31 | 431947695 |
2022: THE GIBBS & COX, INC. PENSION PLAN 2022 form 5500 responses | ||
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2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |